CDL Hospitality Trusts' 2Q DPS 0.9% lower at 2.23 cents on soft trading conditions

SINGAPORE (July 29): CDL Hospitality Trusts (CDL HT) has declared a distribution per stapled security of 2.23 cents for 2Q16, 0.9% lower than the DPS of 2.25 cents in 2Q15.

CDL HT is a stapled group comprising CDL Hospitality REIT, a real estate investment trust, and CDL Hospitality Business Trust, a business trust.

For the quarter to June, revenue rose 8.9% to $42.46 million from $39 million in the preceding quarter.

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